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Case Status:    SETTLED
On or around 09/10/2020 (Date of order of final judgment)

Filing Date: March 07, 2017

According to the law firm press release, the complaint alleges throughout the Class Period, Defendants made false and/or misleading statements, and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that Defendant had donated funds through nonprofit organizations to the University of Utah for the purpose of funneling those funds back into NantHealth; (2) that, as such, the Company and Defendant participated in the violation of federal tax laws—exposing the Company to possible civil and criminal liability; (3) that the Company improperly recorded orders received from the University of Utah as GPS Cancer test orders; (4) that, as a result, the Company reported false and inflated GPS Cancer order figures for the third quarter of 2016; and (5) that, as a result of the foregoing, the Company’s financial statements and Defendants’ statements about NantHealth’s business, operations, and prospects, were materially false and misleading.

An amended and consolidated Complaint was filed on June 26, 2017. Defendants filed a Motion to Dismiss the amended Complaint on August 2. On March 27, 2018, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss.

On October 23, 2019, the parties filed a notice stating they had reached a Settlement in principle. On December 9, the parties entered into a Stipulation of Settlement. On January 31, 2020, the Court issued preliminary approval of the Settlement. On September 10, the Court granted final approval of the Settlement and entered Final Judgment.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: NH
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: C.D. California
DOCKET #: 17-CV-01825
JUDGE: Hon. R. Gary Klausner
DATE FILED: 03/07/2017
CLASS PERIOD START: 06/01/2016
CLASS PERIOD END: 03/06/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
No Document Title Filing Date
COURT: C.D. California
DOCKET #: 17-CV-01825
JUDGE: Hon. R. Gary Klausner
DATE FILED: 06/26/2017
CLASS PERIOD START: 06/01/2016
CLASS PERIOD END: 05/01/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gibbs Law Group LLP
  2. Kehoe Law Firm, P.C.
No Document Title Filing Date
—Related District Court Filings Data is not available